$668,000 - 770 Bay Street Unit 2504, Downtown Toronto
Condo for Sale in Downtown Toronto
- MLS Number
- C13210742
- Property Type
- Condo
- Status
- active
- Days on Site
- 18
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- ENGEL & VOLKERS TORONTO CENTRAL
Discover exceptional city living at 770 Bay Street, with this immaculate 1-bedroom plus den unit, including a dedicated parking space and FOUR lockers! Perched on the 25th, this top-floor gem offers breathtaking views and an abundance of natural light thanks to its floor-to-ceiling windows. The unit boasts laminate flooring throughout and a stunning kitchen featuring granite countertops and top-of-the-line appliances, perfect for any home chef. The spacious bedroom is a true sanctuary with its own floor-to-ceiling windows and a wall-to-wall mirrored closet, providing ample storage. The den with its large wardrobe is ideal for working from home. This unit is meticulously maintained, ready for you to move in and enjoy. Beyond your front door, 770 Bay Street offers an array of top-notch amenities designed to enhance your lifestyle. Stay active in the well-equipped exercise room, unwind in the pool or sauna, or entertain guests in the media room or party room. The building also provides concierge service, guest suites for visitors, and visitor parking. The crown jewel is the exceptional rooftop terrace, complete with outdoor tables, BBQ facilities, deck chairs, and incredible panoramic city views perfect for summer evenings and entertaining. The location is truly unbeatable! Ideally situated, you'll be steps away from transit options, making commuting a breeze. Explore a vibrant neighbourhood brimming with an array of shops, cafes, and restaurants, offering endless dining and entertainment possibilities right at your doorstep. Don't miss this opportunity to buy a truly remarkable unit in one of Toronto's most sought-after buildings!
Estimate your monthly payments for this property
Estimated Payment
$3,427.19/mo
Includes CMHC insurance ($18,637)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Downtown Toronto / Waterfront offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
770 Bay Street Unit 2504, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $1113/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 18 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,783 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.